Powell: “You Wanted Inflation”

This December’s Federal Open Market Committee (FOMC) meeting might be the last time we get to hear a Q&A session from Chair Powell this year. The Q&A is televised, with the transcript presented on the central bank’s website, and continues to provide invaluable knowledge into the mind of one of the most powerful men in America. Of all the quotes Powell gave us this year, the one below stands as one of the best.

The Real Reason Politicians Want Legal Cannabis Is Tax Money

The latest two states to legalize recreational cannabis are New York and New Jersey. However, if one believes governors and legislators in those states have finally adopted a more libertarian view of the topic, one will be severely disappointed. Legalization of recreational cannabis in both states is driven by the need for tax revenue—tax revenue to plug the holes in state budgets for social programs, holes in the state budget that were exasperated by the failed covid policies in both states.

Cody Cook is a theology graduate student and the author of several books, including Fight the Powers: What the Bi